Released on: April 16, 2008, 3:46 am

Press Release Author: Sarah A. Chase

Industry: Industrial

Press Release Summary: Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida)
today announced that MOL has signed a time charter agreement with Gulf LPG Transport
Company W.L.L. ("Gulf LPG") of Qatar for the first,

Press Release Body: LONDON, 16 April 2008 - Mitsui O.S.K. Lines, Ltd. (MOL;
President: Akimitsu Ashida) today announced that MOL has signed a time charter
agreement with Gulf LPG Transport Company W.L.L. ("Gulf LPG") of Qatar for the
first, in a series, of four Liquefied Petroleum Gas (LPG) carriers currently being
built at the Hyundai Heavy Industries yard in South Korea. The Bu Sidra
(82,000㎥) was delivered to Gulf LPG earlier this month.

The second vessel, the Umm Laqhab (82,000㎥) will be delivered in July of this
year and will also be chartered to MOL. The third and fourth vessels are due in
late 2008 and early 2009, respectively. The service is being run under a Joint
Operating Venture between the companies.

Gulf LPG is a jointly established limited liability company (LLC) between Qatar Gas
Transport Company Ltd. (NAKILAT) and Qatar Shipping Company (Q-ship. Gulf LPG is
located in Qatar With the increased growth of LNG production, the volume of LPG is
also expected to grow; NAKILAT and Q-ship have positioned themselves to meet this
expected demand.


Web Site: http://www.imaeline.co.uk

Contact Details: CELEBRATING 20 YEARS IN BUSINESS
tel +44 (0)20 7689 9009
fax +44 (0)20 7689 8008
pr@imageline.co.uk
www imageline.co.uk
www ilexhibitions.co.uk
Image Line Communications Ltd 1A Zetland House, 5-25 Scrutton Street, London EC2A 4HJ